I couldn’t respond to your questionnaire quickly enough, and I spent considerable time writing this, so wanted to make sure you got it:
StockTalk began about a year ago when a handful of like-minded traders began exchanging stock ideas on the Chatzy platform. They had great mutual respect for each other's talent and a shared interest in taking advantage of the day trade and swing trade opportunities in the small cap space. Each of these early moderators also shared a generosity and willingness to pass along their experience to help new traders, so rules were adopted to allow new traders to join in provided they adhere to strict rules of conduct. The chat stream is kept clean because members who have learned the rules know what is acceptable and valuable to the group, and refrain from chatting or posting nonsense or non-stock ideas.
As the group expanded, traders who consistently posted stock ideas which were timely, thoughtful, and valued-added, and who demonstrated extraordinary talent for trading, and an unselfish attitude, were invited to become moderators. This talent pool has grown from the original group of five to over 16 moderators, each adding value to the stream with their individual trading styles.
Now with over 300 daily members, the Chatzy stream is chocked full of timely alerts and chart ideas throughout the trading day, and excellent research, education, and commentary during the off hours. Thanks to the generosity of Bman the founder, the Chatzy room will always be free of charge although most traders I know agree, Bman's StockTalk is far superior to any of the paid chat rooms out there.
I have been privileged to have been a member of the group since the early days, but before that, I traded in a paid room for a year, so I consider myself uniquely qualified to comment on the difference between the paid room and Bman's StockTalk.
In the paid room, many members seemed to feel some kind of sense of entitlement. They feel entitled to post bs, or they feel entitled to getting spoon-fed perfect, risk-free trade ideas from the moderators, or they feel entitled to complain about a mod's call, or another member's post. The attitude of these members was a constant distraction to others in the room causing clutter in the stream. This also served to make the room owner's job more stressful as he is constantly forced to juggle policing the room with his own trading while feeling obligated to his subscribers to scan and churn out fresh stock ideas all day long.
In Bman's StockTalk, that dynamic of entitlement is missing. Everyone's participation in the group is provisional. Members feel nothing but a sense of gratitude for having discovered such a great resource and are more than willing to follow the rules, to watch and learn, and to know when and how to contribute.
It's an environment where quality ideas rise to the top through the synergies of these talented, like-minded professional traders. Many members never post anything and are happy to stay on the sidelines just benefitting from seeing the best small cap traders in the business exchanging chart ideas, alerting the group of news, and sharing actionable trades in real time.
E. Gordon Bishop